VANCOUVER, Sept. 29 /CNW/ - Northern Dynasty Minerals Ltd. ("Northern
Dynasty" or the "Company") (TSX: NDM; AMEX: NAK) reports that the Pebble
Limited Partnership ("PLP", "Pebble Partnership" or the "Partnership")
executive and management team that will oversee completion of a Prefeasibility
Study in the second half of 2009, and lead the Pebble Project into permitting,
is largely in place in Anchorage, Alaska.
Along with its 50-50 partner, an affiliate of Anglo American plc, a
wholly-owned affiliate of Northern Dynasty established the Pebble Partnership
in mid-2007 to design, permit, construct and operate a modern, long-life mine
in southwest Alaska. The mineral resource at Pebble is acknowledged as one of
the most important accumulations of copper, gold and molybdenum in the world
Following the appointment of prominent Alaska business leader John
Shively as CEO in April 2008, the Partnership has successfully recruited
experienced Alaska business professionals to fill most of its senior posts.
Mr. Shively was formerly Commissioner of the Alaska Department of Natural
Resources, President of the Resource Development Council of Alaska and a
senior executive with NANA Corporation - the Alaska Native Corporation that
partnered with Teck Cominco in the development and operation of the Red Dog
"In John Shively, we have one of the most credible business, government
and community leaders in the state," said Northern Dynasty President and CEO
Ron Thiessen. "John is not only respected for his management acumen, but also
for his career-long effort to facilitate responsible resource development that
improves the lives of Alaska's Native and rural populations. His is precisely
the kind of leadership this project requires, and it's a big part of the
reason we have been successful in attracting other high-caliber professionals
in the state."
Other notable Alaskans who have been recruited into leadership positions
with the Pebble Partnership under Mr. Shively's leadership include:
- Vice President, Environment - Ken Taylor. Mr. Taylor has worked as a
wildlife biologist in the State of Alaska for more than 30 years,
most recently as Deputy Commissioner of the Alaska Department of Fish
& Game. He spent 10 years as an Area Biologist in the region of
southwest Alaska where Pebble is located.
- Vice President, Public Affairs - Mike Heatwole. Mr. Heatwole is a
long-time Alaskan communications professional with experience in
private industry, government and consulting. His resource development
experience includes eight years as Director of Public Affairs with
the Alyeska Pipeline Service Company.
- Vice President, Human Resources & Administrative Services - Josie
Harmon. Ms. Harmon is a lifelong Alaskan, a shareholder of Chugach
Alaska Corporation and a human resource professional with 18 years of
experience in consulting and management within Alaska's resource
In total, there are 27 staff in the Pebble Partnership's corporate office
in Anchorage - including Finance Manager Matt McDaniel, Stakeholder Relations
Manager Heidi Franklin, Permitting Affairs Manager Charlotte MacCay,
Environmental Studies Manager Jane Whitsett, Information Technology Manager
Ubon Boutsomsi and Business Development Manager Debi Schmit. In addition to
extensive Alaskan experience, the PLP management team includes Alaska Natives
and those with professional and personal histories in the project area.
Contract and full-time personnel working at the Pebble Project site near
Iliamna, Alaska peaked at 232 this summer. Some 130 individuals from local
communities have worked on the project in 2008.
"Pebble is one of the leading mineral development projects in the world,
and the Partnership has set commensurately high expectations for itself in
terms of financial, environmental and social performance," Thiessen said.
"World-class performance requires a world-class team, and that is precisely
what we are assembling in Alaska today."
Stephen Hodgson, P.Eng. continues to lead the large, multi-disciplinary
team developing a Prefeasibility Study for the Pebble Project. Over the course
of a 32-year career, Mr. Hodgson has experience in consulting, project
management, feasibility-level design and implementation, and mine operations
at some of the largest mineral development projects in the world - including
the Red Dog zinc mine in Alaska and the Oyu Tolgoi copper-gold project in
Mongolia. Mr. Hodgson is directing a dedicated study team of about 20
engineers and technical specialists, many of them seconded from Anglo American
plc, as well as 58 leading engineering firms and other specialized
consultancies from the United States and around the world.
President and CEO
No regulatory authority accepts responsibility for the adequacy
or accuracy of this release.
Northern Dynasty is solely and entirely responsible for the contents
of this news release. No other party, including any parties which
have an interest in the project, are in any way responsible for the
Comments on Forward Looking Information, Estimates and other
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, especially those that address estimated
resource quantities, grades and contained metals, are forward-looking
statements because they are generally made on the basis of estimation and
extrapolation from a limited number of drill holes and metallurgical studies.
Although diamond drill hole core provides valuable information about the size,
shape and geology of an exploration project, there will always remain a
significant degree of uncertainty in connection with these valuation factors
until a deposit has been extensively drilled on closely spaced centers, which
has occurred only in specific areas on the Pebble Project. Although the
Company believes the expectations expressed in its forward-looking statements
are based on reasonable assumptions, such statements should not be in any way
construed as guarantees of the ultimate size, quality or commercial
feasibility of the Pebble Project or of the Company's future performance. The
likelihood of future mining at the Pebble Project is subject to a large number
of risks and will require achievement of a number of technical, economic and
legal objectives, including obtaining necessary mining and construction
permits, completion of prefeasibility and final feasibility studies,
preparation of all necessary engineering for underground workings and
processing facilities as well as receipt of significant additional financing
to fund these objectives as well as funding mine construction. Such funding
may not be available to the Company on acceptable terms or on any terms at
all. There is no known ore at the Pebble Project and there is no assurance
that the mineralization at the Pebble Project will ever be classified as ore.
The need for compliance with extensive environmental and socio-economic rules
and practices and the requirement for the Company to obtain government
permitting can cause a delay or even abandonment of a mineral project. The
Company is also subject to the specific risks inherent in the mining business
as well as general economic and business conditions. For more information on
the Company, Investors should review the Company's annual Form 40-F filing
with the United States Securities and Exchange Commission and its home
jurisdiction filings that are available at www.sedar.com.
For further information:
For further information: on Northern Dynasty and the Pebble Project,
visit our website at www.northerndynastyminerals.com and the Pebble
Partnership website at www.pebblepartnership.com, or contact Investor Services
at (604) 684-6365 or within North America at 1-800-667-2114.